The Global Cathode Materials Market size is projected to post a CAGR of 5.7% during the forecast period from 2021-2028. The market has been witnessing growth due to rising demand from end-use industries such as automotive & transportation, industrial equipment, and energy storage system. Asia Pacific region accounted for the largest share of the market with over 50% revenue share in 2018 owing to its flourishing electronics industry. North America followed closely behind with close to 30% revenue share during the same year.
Cathode Materials can be defined as a material that can be used to make an electrode with the property of having a negative charge, which is opposite to what you find in anode materials. Cathodes are most commonly found as metal elements or compounds. Cathode Materials are an essential component in the manufacturing of any electrical appliance, from light bulbs to batteries.
On the basis of Type, the market is segmented into Binders, Foils, and Active Materials.
Binders are compounds, e.g., epoxy resin that binds together the active material and carbon particles in a cathode to create an electrode with a high surface area or capacity for reaction (e.g., hydrogen production). Binder is a category of material that allows for higher conductivity and durability in battery electrodes enabling them to hold their structure during use. Binders are used in laminated boards and have the same properties as foils. They're often made from rubber or polymer compounds, which behave like glue for layers to stick together.
Foils are thin, flat sheets of metal that are used in the manufacture of printed circuit boards and integrated circuits. The material can be made from different types such as copper-clad laminates or solder coated papers which come with a variety of thicknesses. Foils end up being a cheaper alternative to other materials for PCBs.
The electrical conductivity is determined by the type they use - traces will need something more malleable while signal lines might not require much flexibility at all. Some flatter foils won't have any insulation properties but this can be added on later with chemicals like varnish when assembling components onto them into layers or after soldering if it's too thick to do so beforehand without damaging tracks.
The cathode material is a main component of the battery that determines its performance. These materials are used for constructing power cells that store electric charge and convert it to electricity when required by an electronic device. Active cathodes in batteries have two functions, they increase ionic conductivity between electrodes, thus increasing the battery's ability to discharge energy quickly, and they prevent gas bubbles from forming inside the cell during the discharge cycle leading to higher storage capacity with fewer memory effects.
Active materials can be found on capacitors - they store energy electrostatically until it reaches a certain voltage threshold whereupon that charge is released into another circuit to power them up again. The composition of active material varies widely depending on what type was chosen but some common ones include tantalum pentoxide and lead dioxide.
On the basis of Application, the market is segmented into Electricals, Energy Storage System, Automotive and Power Tools. The automotive industry has increased its demand for cathode materials due to higher sales volume, owing to which this segment contributes an estimated 34.91%. Hence, the Automotive sector will grow at a median rate during 2021-2028 as well.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Latin America and the Asia Pacific are expected to witness the fastest growth rates during the study period owing to high demand from end-use industries such as electronics and automotive sectors followed by the power tools sector. The Middle East & Africa Region is projected to register the slowest annual growth rate due to lack of industrialization leading to lower demands from industry players across various segments which may have an adverse impact on this region's regional revenue estimates over time.
The global cathode materials market is anticipated to grow at a moderate pace during the forecast period. Factors such as robust demand for electric vehicles and increasing usage of lithium-ion batteries in power tools are driving growth. These factors offer lucrative opportunities for players operating in this industry space with innovative technologies or products that can deliver enhanced performance, improved safety features, increased energy efficiency, and lower cost per kWh capacity. In addition, expanding presence of start-ups offering novel applications using cathode materials will add fuel to the growth prospects over the coming years. However, stringent environmental regulations restricting the use of lead-acid batteries due to their hazardous nature could hamper the overall outlook during the next five years.
One major factor which has been impeding development activities within this industry is the lack of skilled labor and manufacturing infrastructure in developing countries. This factor can serve as a major hurdle for chemists, metallurgists, and other professionals who are looking to establish their businesses or research organizations in these regions.
Up Market Research published a new report titled “Cathode Materials Market research report which is segmented by Types (Binders, Foils, Active Materials), By Applications (Electronics, Energy Storage System, Automotive, Power Tools), By Players/Companies Advanced Lithium Electrochemistry, Targray, BASF, Nichia, NEI, Hunan Shanshan New Material, Pulead Technology Industry, Hunan Reshine New Material, Umicore”.
Report Attributes | Report Details |
Report Title | Cathode Materials Market Research Report |
By Type | Binders, Foils, Active Materials |
By Application | Electronics, Energy Storage System, Automotive, Power Tools |
By Companies | Advanced Lithium Electrochemistry, Targray, BASF, Nichia, NEI, Hunan Shanshan New Material, Pulead Technology Industry, Hunan Reshine New Material, Umicore |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 215 |
Number of Tables & Figures | 151 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Binders, Foils, Active Materials and By Application Electronics, Energy Storage System, Automotive, Power Tools.
Some of the companies that are profiled in this report are:
Cathode Materials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cathode Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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